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Media

Building Approvals

Nov 13, 2018 Ann Lindner Comments ((Disabled))

ABS figures show 479 houses and units were approved on the Sunshine Coast and Noosa council regions in August 2018, a total of $129 million.

Breaking this figure down; throughout the year 572 houses have been approved in the Sunshine Coast and Noosa area, down from 681 approvals in the same period 2017.
However unit approvals have boomed - with 367 approvals on the Sunshine Coast and 100 in Noosa, where over the same period 2017 there were 254 units approved on the Sunshine Coast and only 2 in Noosa.

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Auctions tell the story

Nov 13, 2018 Ann Lindner Comments ((Disabled))

Have the buyers left the building? 

Local Sunshine Coast agents are reporting a downturn in Buyer inquiries and low attendance to Open Homes.
Over the past 20 years in real estate November has always been a very slow month, for no rhyme or reason, but this year the slowdown has started early.
A quick look at last weekends Auction results, of the 11 reported Auctions 10 were passed in and 1 withdrawn. This was from Noosa to Buddina and over a range of price points.

Brisbane has reported that through most of 2018 the percentage of SOLD BEFORE auction clearance rate was 5%, but in the last month it has risen to 14%.
As buyers are having trouble getting funds and vendors realizing that's a real problem, they are likely to take a cash unconditional buyer if presented prior, rather than risk going to auction.

The latest Core Logic report for the last quarter shows the lowest number volume of homes taken to auction across all capital cities AND the lowest clearance rate since December quarter 2012.

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Fast Communications to Asia

Oct 08, 2018 Ann Lindner Comments ((Disabled))

Australia’s fastest telecommunications connection to Asia and second fastest to the United States will occur from the Sunshine Coast, thanks to a new international submarine cable contract that has been agreed between Sunshine Coast Council and RTI Connectivity Pty Ltd (RTI-C).

Mayor Mark Jamieson said Sunshine Coast Council was the first local government in Australia to secure an investment in an international submarine cable and in an increasingly digital world, the value of this investment for the region’s future could not be understated.
The investment of up to $35 million in the undersea cable connection from the Sunshine Coast to the JGA-S cable plus supporting land-based infrastructure is being jointly funded by the Sunshine Coast Council and the Queensland Government, with the project forecast to deliver up to 864 new jobs and stimulate $927 million in new investment in Queensland.

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Where are we on the Crane Index Q3 2018?

Oct 08, 2018 Ann Lindner Comments ((Disabled))

Its exciting, the Sunshine Coast crane contingent has risen 60% since the the last count six months ago.

Residential projects counted for 75 % of total cranes which increased from 10-16, Retail remained constant at three cranes with one crane at the Sports Hub Birtinya.
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New Maroochydore CBD Update

Aug 28, 2018 Ann Lindner Comments ((Disabled))

The Sunshine Coast Council has projected revenue of $310million to flow to the Maroochydore new city centre by 2028.Borrowings are estimated at $124.534 million to fund the completion of the project.

A further $120m has already been spent including commercial and residential property along with land to accommodate roads.

The new centre is expected to deliver benefits including 30,000 jobs, new public facilities and improved traffic and pedestrian flows through Maroochydore.

More than 90% of the first stage lots were in commercial or contract negotiation, worth $91m. There are five more precincts yet to be released and they will be released progressively over the 20 year life of the project.

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Property Hot Spots - 10 top performers over the past 12 months

Aug 28, 2018 Ann Lindner Comments ((Disabled))

Suburb Median Price Capital Growth past 12 mths
Minyama $1.31m 45.8%
Kenilworth $399,000 40.0%
Yandina Creek $820,000 32.3%
Beerwah (unit) $375,000 25.0%
Mount Coolum $676,200 23.2%
Mapleton $543,250 21.3%
Mudjimba $739,500 20.7%
Peregian Springs (unit) $475,200 18.8%
Battery Hill $579,500 18.4%
Montville $707,500 17.9%
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Where would we invest our money?

Aug 13, 2018 Ann Lindner Comments ((Disabled))

On the Sunshine Coast at present we have a number of ‘mini markets’ where suburbs or even a few blocks are experiencing increased capital growth.

Birtinya was recently in the spotlight, what was once swampland is now the Jewel in the Crown.The two new hospitals recently completed in the area and associated health hub surrounding them has created boom in building, employment and capital growth.

Local agents report units have increased in value a whopping 24% in the last three months.

Median House Price $662,500, Unit $595,000 as at April 2018.

High end properties are now being sort out for doctors and specialists drawn to the lifestyle and cutting edge medical facilities.

Stockland is now midway through leasing the Birtinya Shopping Centre, featuring Coles, two mini- majors and 30 specialty shops.This is stage one of the overall 18ha Master Plan.

Nearby in the Bokarina Beach development 125 residential lots have sold and major earthworks completed on the 30ha site.A $19 million upgrade of Nicklin Way and Lake Kawana Boulevard will link the areas via two bridges and a dedicated pedestrian and cyclist path underneath.

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Queensland Capital growth will lead the country.

Aug 13, 2018 Ann Lindner Comments ((Disabled))

In a recent survey of hundreds of property professionals conducted by NAB, the industry expects house prices in Qld to increase by 0.7% in the next year, and a further rise of 1.3% in the two years.

Areas tipped for above average growth include the Sunshine Coast.

The outlook for rents is also positive and likely placing upward pressure on yields, with predictions of rental growth at 1.3% in the next 12 months and 1.9% in two years.

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Buderim 6 Figure Sales

Jul 16, 2018 Ann Lindner Comments ((Disabled))

A seven bedroom, seven bathroom acreage home with ocean views has just been listed in Buderim for $2.395 million.The price tag of the 7A Box Street property is not unusual in Buderim, with a number of sales recorded over $1 million so far in 2018.

10 Barralong Court sold 13 June $1,025,000

38 Gossamer Drive sold 1 June $2,435,000

1/16 Lavarack Crescent sold 28 April $1,075,000

7A Clithero Ave sold 12 April $ 1,400,000

15 Foote Ridge sold 8 April $1,660,000

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2000 Workers needed

Jul 16, 2018 Ann Lindner Comments ((Disabled))

The search for workers is on for the Wharf development in Brisbane just 40 minutes away from the Sunshine Coast.

The $3.6 billion program has started with moving more than 450,000 cubic metres of material over 15 months.As the project moves to peak construction demand, there will be hundreds more workers recruited. The field’s targeted will be painters, steel workers, glaziers, metal workers, carpenters, roofers and hardware suppliers.

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